RE: Big sell or is it a buy?23 Nov 2020 18:01
If it’s Spreadex selling down we might get a TR1 RNS in a day or two.
More than likely it’s not an actual Spreadex position but a combined holding for all of their underlying clients lumped together that’s given rise to this stake, as those clients buy and sell the TR1s need to be made.
Handsome profit if this was all acquired at the 0.25p placing price but they could have been existing holders just averaging down in the last placing also, either way I don’t really care too much other than nice to see £550k of shares changing hands today.
As I have said before need to push through the 0.5p level whenever that happens, but this is all about building the foundations for next year when TRX should begin to deliver on the capital invested to date.
GLTAH